The market study covers the present scenario and growth prospects of the global
photomask marketfor 2017-2021. The report also lists photomasking
equipment and photomask inspection equipment as the two major
segments based on equipment, of which the photomasking equipment segment
accounted for close to 84% of the market share in 2016.

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Technavio analysts highlight the following three market drivers that are
contributing to the growth of the global solar photomask market:

Increasing demand for high chip density

Growth of global FPD market

Increasing demand for SoC technology

Increasing demand for high chip density

The density of the chips refers to the number of transistors built into
a single chip. A high-density chip has many transistors that will enable
it to perform at higher functionality, whereas a low-density chip has a
few transistors and many chips are required to increase the
functionality. The increasing need and demand for SoC are increasing the
need for high chip density. Keeping pace with the increased level of
integration, engineers and designers are continuously developing new
techniques to manage more circuitry within the same area on a chip
without compromising on the cost aspect.

This has accelerated investments in new technologies to manufacture
photomasks for 28nm and 20nm wafer fabrication. IDMs and foundries would
benefit by developing their wafer-manufacturing process, and they are
also considered as the key customers to the photomask vendors.

Growth of global FPD market

An increased usage of flat panel display (FPD) in electronic devices,
such as cell phones, TVs, notebooks, PCs, and other public display
systems, has accelerated the demand for FPD masks. The FPD mask has a
crucial role in the manufacturing of FPD panel displays as it forms the
master plates for such displays. The growing demand for large-screen
electronic devices has fueled the demand for large-sized photomasks. In
addition, the high price of the 8/10 masks generation has encouraged
vendors to capitalize on the growing demand for large-size photomasks
and capture the market share. Hence, the growth in FPD market is
expected to fuel the demand for photomask segment as well.

“With the growing popularity of small display screens in wearables
and other small display devices, there is a significant rise in the use
and demand for photomask inspection equipment,” says Chetan Mohan, a
lead analyst at Technavio for semiconductor
equipmentresearch.

Increasing demand for SoC technology

System-on-chip (SoC) is an IC that assimilates the complex components of
a computer or other electronic devices in a single chip, known as the
microchip. A SoC is embedded in complex devices and acts as their
central processors. SoC applications range from smart electronic devices
such as wireless communication equipment, smartphones, automotive
electronics, and smart gadgets. Vendors in the market concentrate on the
development of consumer electronics mainly due to the large target
audience where they can achieve high volume sales and realize the cost
spent on R&D.

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About Technavio

Technaviois a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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